Public Sale is an auction or sale that can be attended by any person and they are open to bid for the goods on sale. Public Sale is conducted openly either by auction or sherrif’s sale. As a general notice an advertisement or public notice is issued to inform public about the sale. Public sale occurs at fixed place and time, where goods are sold to the highest bidder.
Auction is attended by various bidders intending to buy goods or property by offering highest bid to outbid other bidders. Auction is carried by auctioneer who is generally not seller and acts as an agent in carrying out the auction.